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What Is A Repairable Write Off And How Much Is It Worth NSW?
What Is A Repairable Write Off And How Much Is It Worth NSW?
So your car has been severely damaged, whether it’s a car accident or natural disaster, the worst has happened and your car has been written off and put on the Written-Off Vehicles Register. But you might be wondering if it is a repairable write-off that can be repaired or if it can only be sold for parts. In this guide we’ll get into the difference between statutory and repairable write-offs in NSW and the laws concerning this.
What is a Statutory Write-Off?
A statutory write-off arises when a vehicle sustains significant damage, be it to the roof, floor, body, or engine. The repair costs for these vehicles surpass the expense of purchasing a new one, leading insurance companies to classify them as write-offs that cannot be repaired.
What is a Repairable Write-Off?
Repairable write-offs are cars that have been written off but are still able to be repaired for resale. This classification is not legal in NSW, however, is valid in other states in Australia. In NSW, the re-registration and repair of all write-offs is prohibited. Write-offs can only be repaired and re-registered in very limited circumstances making it rarely financially viable to do so.
Can You Sell a Repairable Write-Off in NSW?
Unfortunately, repairable write-offs lack legal recognition in NSW except in limited circumstances, thus cannot be repaired and sold. We recommend, selling to a car wrecker for the most convenient solution to sell your written-off car.
Factors Affecting the Value of Your Write-Off Car
Extent of Damage
Generally the more extensive the damage to your car, the fewer salvageable parts are available, thus leading to lower sale values.
Mileage
If the engine or transmission is still working the km’s your car has driven will have an impact on the overall value, with lower numbers resulting in higher valuation.
Market Factors
Demand for your car’s make and model in the used parts market influences its price. The market price of scrap metal also influences the sale price.
Vehicle Weight
Cars with a higher weight have a greater amount of scrap metal, boosting the car’s overall worth due to its scrap metal value.
Where Do I Sell My Write-off Car In NSW?
Recommended option: Sell to a Wrecker
Choosing a reputable cash-for-cars wrecker like Cash For Car Buyer ensures a quick and hassle-free process. We provide cash on the spot and same-day removal, accepting all write-off cars regardless of make, model, or condition. You’ll get the best possible price with no need to wait around, haggle, or deal with multiple buyers – once you accept our quote, we promptly remove your car on the same. Benefit from:
- Space savings: Rather than allowing your written-off vehicle to sit unused in your garage or driveway, selling it allows you to free up space.
- Waste Reduction: Selling a write-off car for parts to a wrecker allows the parts and materials be recycled, reducing waste in the environment.
- Extra cash: Even written-off cars can still fetch a decent price due to the scrap metal value and valuable parts that can be recovered.
Private Sale
While the private sales route through platforms like Facebook Marketplace or Gumtree may promise higher selling prices it also has its downsides. Selling privately is often time-consuming and can involve commissions and listing fees reducing overall profits when selling on online platforms.
Sell To A Scrapyard
Selling your car for scrap to a scrapyard has its pros and cons. On the plus side, it provides a quick convenient solution to dispose of a written off car for cash. However, the price you receive is generally lower than when selling to a wrecker because you’ll only get the scrap metal value of your car’s condition of working parts.
FAQ
How much can I get for selling a write-off car?
At a car wrecker or cash-for-cars company, you can get approximately $150 to $9,999 cash depending on the condition, make and model.
Can I repair my written-off car?
In NSW, once your vehicle is listed in the Written-Off Vehicles Register (WOVW), it cannot be legally repaired or re-registered, except under exceptional circumstances. The best option in this case is to sell your car for parts to a reputable wrecker.
What if I’m not insured?
If your car is not insured at the time your car is written off, it’s best to sell your car to a wrecker such as Cash For Car Buyer.